Indian Agricultural Tractor Market, 2019-2023 - Market Dynamics, Competitive Landscape, OEMs Strategies & Plans, Trends & Growth Opportunities, Market Outlook - ResearchAndMarkets.com
The "Indian
Agricultural Tractor Market - 2019-2023 - Market Dynamics, Competitive
Landscape, OEMs Strategies & Plans, Trends & Growth Opportunities,
Market Outlook" report has been added to ResearchAndMarkets.com's
offering.
The Indian agricultural tractor market has been on an upswing with the
market touching the peak of 6 lakh (600,000) tractor unit sales for
FY2017-18 powered by significant tailwinds with a broad-based
macroeconomic push, increased allocation by the central & state
governments towards farm sector and strong focus on continued pursuit of
structural agricultural reforms through roll-out of a number of schemes
& support programs along with a major push for mechanization in the
country to boost overall efficiency & productivity.
The Agriculture sector in India has traditionally been one of the
largest employment generators employing almost 45% of the population and
contributing to almost 15% of the GDP; a situation unlike most developed
and emerging economies where these numbers are around 3%-5% and 1% to 3%
(GDP contribution) respectively. The situation is further compounded by
the fact that farmland sizes held by the farmers have been reducing,
thereby, impacting the efficiency, overall productivity & farm output
significantly with significant scope for efficient farming practices and
mechanization based on custom-built solutions for the Indian market.
Tractor sales in India touched the peak of 600,000 units in FY2017-18
with a favorable overall environment with the industry still optimistic
and anticipating the tractor sales to touch the 8 lakh units level for
FY2018-19 and reach the golden figure of 1 million units by the early to
middle of next decade with the industry sales projected to grow at an
expected, steady rate of 6%-7% CAGR. This is given the fact that India
has around 6 lakh villages and the sales of 6 lakh tractors for
FY2017-18 means a penetration rate of mere 1 tractor per village which
is bound to go up significantly over the medium term.
Further, India is forecasted to be the fastest growing economy in the
world in 2019 and 2020 leveraging lower international crude oil prices
and a continued, strong domestic economic growth momentum, as per IMF in
its World Outlook report published in January 2019, with the GDP growth
pegged at around 7.5%. However, geopolitical tensions & macroeconomic
uncertainty marked by the resurgence of multi-polarity and protectionism
along with regional issues, like BREXIT and the rising trade tensions
pose a significant threat to world GDP growth going forward.
The Indian tractor market is dominated by aboriginal Indian OEMs,
namely, Mahindra & Mahindra, TAFE & Escorts. Key international tractor
manufacturers, namely, John Deere and CNH have been able to penetrate
the market & establish a decent market presence over the two decades
after having entered the country in the late 1990s through JVs and
establishing their own industrial bases subsequently.
Currently, almost all industry OEMs are gearing up for the anticipated
further surge in demand for new tractors over near to medium term
through capacity expansion across their manufacturing facilities,
development of new tractor models as well as technologies and growing
international exports & expansion of presence across international
markets.
Relevance & Usefulness:
The report provides insights & inputs to be incorporated into the
broader strategic planning & decision making processes and will be
essential from a competitive analysis and market entry standpoint as
well.
The report will be useful for:
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Strategic Planning & Decision-Making process
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Analysis of Near to Medium Term Strategy Focus and Key Strategies &
Plans for OEMs
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Identification of & Insights into Potential Growth Opportunities &
Avenues
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Market Evolution & Demand Growth Projections over Medium Term
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Analysis of Key Market, Industry & Technology Trends and Developments
likely to Shape Future
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Strategic Market Outlook, Evolution & Demand Growth Projections over
Medium Term
Features, Benefits & Reasons to Procure:
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Provides Macro View and Big Picture Quickly
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Blend of Quantitative & Qualitative Analysis
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Significant Time Savings
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Visual Representation
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Meetings & Presentation Ready Format
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Superior & Enriched User Experience with Incorporation of Relevant
Images & Infographics
Companies Mentioned
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Escorts Agri Machinery
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Force Tractors
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Gromax Agri Equipment Limited
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Indo Farm Equipment Limited
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John Deere India Pvt. Ltd.
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Kubota Agricultural Machinery India Pvt. Ltd.
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Mahindra Swaraj Tractors
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New Holland Fiat (India) Pvt. Ltd.
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SAME DEUTZ-FAHR India
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Sonalika International Tractors Ltd.
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TAFE Limited
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VST Tillers Tractors Ltd.
Topics Covered
Section 1 - Indian Agricultural Tractor Market
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Market Overview
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Market Size
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Key Drivers
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Key Segments
Section 2 - Competitive Landscape
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Indian Agricultural Tractor Market - Sales Split by Key Market Segments
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Indian Agricultural Tractor Market - Market Share by OEMs
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Analysis on OEMs
Section 3 - Top 12 Industry OEMs - Business Snapshot
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Founded/Start of Operations in India
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Headquartered
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Key Business Segments
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Product Portfolio
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Revenue Base (For listed companies)
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Market Capitalization (For listed companies)
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Key Executives
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Shareholding/Ownership Structure
Section 4 - Product Portfolio Analysis & Industrial Footprint -
Top 12 Industry OEMs
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Industrial Footprint in India -
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Headquarters
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Manufacturing Plants - Assembly Lines and Component Manufacturing
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R&D Facilities & Technology Centre
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Design & Engineering Centers
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International Subsidiaries
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Major Product Platforms
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Key Programs & Models
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Key Competitors
Section 5 - OEM Strategies & Plans - Analysis of Strategies &
Plans for Top 12 Industry OEMs
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Product Portfolio Strategies & Plans
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Market Specific Strategies & Plans
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R&D Strategies & Plans
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Growth Strategies & Plans
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Business and Corporate Strategies & Plans
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Sales & Marketing Strategies & Plans
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Production/Manufacturing Strategies & Plans
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Financial Strategies & Plans
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Acquisitions, Strategic Alliances & JVs
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Other Strategies & Strategic Initiatives
Section 6 - Key Trends
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Industry Trends
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Market Trends
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Technology Trends
Section 7 - Key Issues, Challenges & Risk Factors
Section 8 - Indian Agricultural Tractor Market - Force Field
Analysis - Analysis of Driving & Restraining Forces and their Overall
Dynamics
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Driving Forces
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Restraining Forces
Section 9 - Strategic Market Outlook through 2022
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Strategic Market Outlook - Analysis of Emerging Market Scenario
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Demand Growth Projections through 2023
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Insights into Potential Growth Opportunities
For more information about this report visit https://www.researchandmarkets.com/research/5s35zp/indian?w=4
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